ndjf310

ndjf310

I am currently long on the Euro for several reasons: 1) Nice trendline that has been respected since it began on 07/13/2017 2) It is bouncing of an area that was resistance turned support 3) It is pulled back to 78.6% making it a nice slow move up on a critical fibonacci point. If it breaks the trendline i will be looking for short opportunities

ndjf310

I have shorted the EURJPY because it has failed to make higher highs. I have set my stop loss a bit above the last higher high.

ndjf310

On a weekly time frame we can see that EURUSD has been in a range since January of 2015 with the weekly resistance of 1.14200 being very powerful with many candlesticks not being able to break it. In recent months it rallied up from the low of the range but looks like buyers are loosing momentum again and we can expect sellers to be on the attack. The Risk Reward...

ndjf310

I am currently in a short position for USDJPY reason being I see a bullish Pennant that has been forming since March of 2017. On the Daily there is a strong doji pattern at my current Monthly Resistance. Along with the candlestick pattern, and the monthly resistance there is also a strong trendline that has been respected twice hoping it will be respected once...

ndjf310

GBPAUD has been between the 1.7800 High to the 1.5800 Low Range since July of 2016 with a strong support turned resistance around the 1.70600. It has been in the downtrend since May currently retracing but expecting it to continue in a downtrend. I would wait for a break of the CTL and go Short.

ndjf310

This might be a bearish cypher

ndjf310

This is looking to be a bullish bat. I would either wait for it to complete then go long . Or short it right now before it goes back up.